BTB Real Estate Investment Trust (TSE:BTB.UN) Share Price Crosses Below 50 Day Moving Average of $3.68

Shares of BTB Real Estate Investment Trust (TSE:BTB.UNGet Rating) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$3.68 and traded as low as C$3.48. BTB Real Estate Investment Trust shares last traded at C$3.50, with a volume of 137,186 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on BTB.UN shares. National Bankshares upped their target price on BTB Real Estate Investment Trust from C$3.60 to C$3.85 and gave the stock a “sector perform” rating in a report on Wednesday, August 10th. Royal Bank of Canada upped their target price on BTB Real Estate Investment Trust from C$4.00 to C$4.25 and gave the stock a “sector perform” rating in a report on Wednesday, August 10th.

BTB Real Estate Investment Trust Price Performance

The business has a fifty day simple moving average of C$3.68 and a two-hundred day simple moving average of C$3.90. The company has a current ratio of 0.15, a quick ratio of 0.08 and a debt-to-equity ratio of 151.54. The stock has a market cap of C$296.56 million and a PE ratio of 4.67.

BTB Real Estate Investment Trust Company Profile

(Get Rating)

BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB is an important owner of properties in eastern Canada. Today, BTB owns 65 retail, office and industrial properties for a total leasable area to date of 5.2 million square feet. The objectives of BTB are: (i) to grow its revenues from its assets to increase distributable income and therefore fund distributions; (ii) to maximize the value of its assets through dynamic management of its properties in order to sustain the long-term value of its units; and (iii) to generate cash distributions that are fiscally beneficial to unitholders.

Further Reading

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